A Triton Market Research report concludes that the cyber security market in the Middle East and Africa will progress at CAGR of 11.75% during the projected period 2019-2028.
The countries scrutinized in the Middle East and Africa market are:
• Saudi Arabia
• United Arab Emirates
• South Africa
• Turkey
• Rest of Middle East & Africa
In Turkey, about three-fourths of the population now makes use of the global network, thereby increasing the internet usage rate in the country. It is reported that Turkey was one of the biggest origins of cyberattacks across the world, but with the least preparation to combat them. The national government is slowly becoming aware of the importance of cybersecurity. Biznet Informatics, a Turkish technology company, has been making huge contributions to the development of cyber security measures in the country. Turkey is slowly moving back on track in the development of security systems for OT (Operational Technology). These factors are likely to boost the growth of the cyber security market in the country.
There is a tremendous increase in the adoption of ICT in Saudi Arabia in the last fifteen years and it is becoming a hotspot for cyber threats. With the evolving digital transformation, these threats are expected to increase even further. The government has been modernizing its information security governance as a step to combat cyber threats. Also, the rising cybersecurity spending is also witnessed in the country, thereby pushing the growth of the cyber security market in the coming years.
Check Point Software Technologies Ltd is a company offering hardware and software products & services for IT security, across the world. The company provides network security, data security, end-point security and management solutions. It serves enterprises, small- and medium-sized businesses, service providers and consumers. The company is headquartered in Israel. It also offers firewall, virtual private network (VPN), intrusion prevention system (IPS), antivirus and anti-bots, among others.
Few companies in the cyber security market are Trend Micro Incorporated, Dell Technologies Inc, Imperva, Cyber Ark Software Ltd, FireEye Inc, AVG Technologies (Acquired By Avast Software sro), Cisco Systems Inc, International Business Machines Corporation, Rapid7, Check Point Software Technologies Ltd, Intel Security (Intel Corporation), Fortinet Inc, Proofpoint Inc, Palo Alto Networks Inc and Symantec Corporation (Broadcom Inc).